{"id":179047,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/tony-merchandise-company_computation-of-inventory-costing-2"},"modified":"2018-10-24T09:10:28","modified_gmt":"2018-10-24T09:10:28","slug":"tony-merchandise-company_computation-of-inventory-costing-2","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/tony-merchandise-company_computation-of-inventory-costing-2\/","title":{"rendered":"Tony Merchandise Company_Computation of Inventory costing"},"content":{"rendered":"<p><a class=\"tony-merchandise-company_computation-inventory-costing-5\/\"><\/a> <\/p>\n<h1>Tony Merchandise Company_Computation of Inventory costing<\/h1>\n<p>Tony Merchandise Company has the following information for the month of February:<\/p>\n<table>\n<tbody>\n<tr>\n<td>Feb. 2<\/td>\n<td>Beginning inventory<\/td>\n<td>20<\/td>\n<td>units<\/td>\n<td>@<\/td>\n<td>$12<\/td>\n<td>per unit<\/td>\n<\/tr>\n<tr>\n<td>Feb. 5<\/td>\n<td>Purchase<\/td>\n<td>20<\/td>\n<td>units<\/td>\n<td>@<\/td>\n<td>$16<\/td>\n<td>per unit<\/td>\n<\/tr>\n<tr>\n<td>Feb. 8<\/td>\n<td>Sale<\/td>\n<td>12<\/td>\n<td>units<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Feb. 21<\/td>\n<td>Purchase<\/td>\n<td>12<\/td>\n<td>units<\/td>\n<td>@<\/td>\n<td>$18<\/td>\n<td>per unit<\/td>\n<\/tr>\n<tr>\n<td>Feb. 25<\/td>\n<td>Sale<\/td>\n<td>14<\/td>\n<td>units<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Answer the following questions for Tony Merchandise Company:<\/p>\n<ol>\n<li>Calculate the dollar ending inventory if first in, first out (FIFO) is used.<\/li>\n<li>Calculate the cost of goods sold if LIFO is used.<\/li>\n<li>Calculate the dollar ending inventory if weighted average is used.<i><\/i><\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Tony Merchandise Company_Computation of Inventory costing Tony Merchandise Company has the following information for the month of February: Feb. 2 Beginning inventory 20 units @ $12 per unit Feb. 5 Purchase 20 units @ $16 per unit Feb. 8 Sale <a href=\"https:\/\/www.benedictsol.com\/blogs\/tony-merchandise-company_computation-of-inventory-costing-2\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-179047","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/179047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=179047"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/179047\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=179047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=179047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=179047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}